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Bitwise Pursues Dogecoin ETF as Musk's Department Distances from DOGE
Asset manager Bitwise prepares for a potential Dogecoin ETF filing with the SEC, while REX Shares pursues similar crypto investment vehicles. Meanwhile, Elon Musk's Department of Government Efficiency removes Dogecoin imagery amid price volatility and legal challenges.
SEC's Game-Changing Move: Banks Get Green Light for Crypto Custody Services
The SEC's reversal of SAB 121 marks a pivotal shift in cryptocurrency regulation, allowing U.S. banks to offer crypto custody services with reduced capital requirements. This regulatory evolution, coupled with leadership changes and industry support, signals a more accommodating approach to digital asset integration in mainstream finance.
Nasdaq Seeks SEC Approval for Direct Bitcoin Transfers in BlackRock ETF
Nasdaq has filed an amended proposal with the SEC to enable in-kind Bitcoin redemptions for BlackRock's iShares Bitcoin ETF. This change would allow direct Bitcoin transfers to investors during redemptions, offering an alternative to the current cash-only model while potentially reducing tax implications.
Ethereum's Layer 2 Scaling Success and Growing Pains: Buterin Outlines Path Forward
Vitalik Buterin reveals Ethereum's Layer 2 solutions have achieved 17x scaling while reducing fees, yet faces technical challenges in data storage and cross-chain interoperability. The platform's co-founder outlines key priorities including expanded capacity, enhanced security, and unified user experience across networks.
Global Financial Survey Shows Growing Appetite for Crypto in Emerging Markets
A comprehensive Coinbase-commissioned study across Argentina, Kenya, Philippines, and Switzerland reveals widespread dissatisfaction with traditional financial systems and growing cryptocurrency adoption. The research highlights how developing nations, particularly in Africa, are leading the charge in embracing digital assets as solutions to financial challenges.
Nasdaq X Account Hack Leads to $123M Memecoin Scam
A cybersecurity breach of Nasdaq's X social media account was exploited to promote a fraudulent 'STONKS' cryptocurrency that briefly reached $123M market value. The incident highlights growing concerns about social media security and cryptocurrency scams targeting major financial institutions.
Ethereum Whales Accumulate $1B Worth of ETH as Market Eyes $5K Target
Major Ethereum investors have amassed over 950,000 ETH in recent months, demonstrating strong institutional confidence. This significant whale accumulation, coupled with technical indicators and network metrics, has sparked discussions about potential price targets reaching $5,000.
Ross Ulbricht's Hidden Bitcoin Fortune: Over 400 BTC Discovered in Untouched Wallets
On-chain researcher Conor Grogan has identified 430 BTC worth $44 million in wallets linked to recently pardoned Silk Road founder Ross Ulbricht. While the discovery suggests a potential windfall, questions remain about Ulbricht's ability to access these long-dormant funds after his 13-year imprisonment.
CME Group Dispels Rumors of Imminent XRP and Solana Futures Launch
CME Group clarifies that no official decision has been made on XRP and Solana futures contracts after specifications briefly appeared on their beta website. The incident sparked market reactions and discussions about expanding regulated crypto investment products despite the organization's swift retraction.